FRME · Iron Condor Setups
First Merchants Corp
Iron condor opportunities for FRME based on the same scoring engine used in the Iron Condor Screener: breach rate, average straddle, IV rank, IV premium, and beta-adjusted scoring. Updated every 5 minutes during market hours.
FRME IV rank history
30 sessionsIV rank = where today's implied volatility sits in its range over the past 90 sessions (0–100).
Current Iron Condor Setup for FRME
Score
8.75
Breach Rate
16.2%
93 of 573 observations
Avg Straddle
$4.62
12.2% of price
IV Rank
0%
IV Premium
0.88x
IV ÷ Realized Vol
Beta vs SPY
0.48
P/C Vol
221.00
Current Price
$40.84
Score formula:
(1 − breach_rate) × avg_straddle × IV_premium_factor × beta_penalty.
Higher is better. FRME is ranked against all other tracked symbols by score; see the
full Iron Condor Screener for the leaderboard.
FRME IV Rank — Last 30 Days
| Date | IV Rank |
|---|---|
| 20261022 | 0% |
| 20261021 | 58% |
| 20261020 | 89% |
| 20261019 | 36% |
| 20261016 | 48% |
| 20261015 | 59% |
| 20261014 | 54% |
| 20261013 | 37% |
| 20261012 | 59% |
| 20261009 | 29% |
| 20261008 | 29% |
| 20261007 | 30% |
| 20261006 | 29% |
| 20261005 | 25% |
| 20261002 | 21% |
| 20261001 | 36% |
| 20260930 | 33% |
| 20260929 | 24% |
| 20260928 | 24% |
| 20260925 | 17% |
| 20260924 | 22% |
| 20260923 | 24% |
| 20260922 | 29% |
| 20260921 | 31% |
| 20260918 | 44% |
| 20260917 | 42% |
| 20260916 | 34% |
| 20260915 | 18% |
| 20260914 | 12% |
| 20260911 | 29% |
More on FRME
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.